Navi Mumbai, Maharashtra India (PressExposure) June 20, 2011 -- With the increasing prevalence of life threatening diseases, the demand for diagnostic product and services in the US has witnessed a significant upsurge to support the proper treatment and complete eradication of problems associated with diseases. Consequently, the US diagnostic market holds a dominant share of the total healthcare market and has also outperformed other segments in terms of growth rate. The market is anticipated to sustain its growth pace in coming years also, which will attract investors from worldwide to invest in the country.
According to our research "US Diagnostic Market Outlook 2014", the US represents world's largest and one of the most developed diagnostic markets. Huge investment in research and developments and commercially successful innovations in diagnostic industry has helped the US to outperform other prominent diagnostic markets including EU, Japan etc. Looking ahead, the US is expected to maintain its position of the world's largest IVD market, growing at a moderate CAGR of around 9.3% during 2010-2014. Favorable reimbursement policies for clinical lab testing, increasing awareness about early disease detection, and aging population that demands increased diagnostic testing will be the main growth drivers.
Our segment level analysis showed that Point-of-Care is currently capturing the biggest market chunk in the overall IVD market. Although the segment's future growth is expected to slow down a bit, it will sustain its top position in the market by 2014. At the market growth and development front, molecular diagnostic will lead the IVD market and emerge as a lucrative business segment for investments.
Our report "US Diagnostic Market Outlook 2014", has been authored to evaluate the US diagnostic market potentials and identify future growth opportunities. The report provides extensive research and analysis on current market trends and future forecasts on all prominent diagnostic techniques including POCT, clinical chemistry, immunoassays, blood testing, and molecular diagnostics. Further, the report facilitates information/statistics on market developments in laboratory applications and disease indications. Projections made on market future scenario will help clients to take informed and proactive business decisions in the fast growing US diagnostic market.
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